“There is no doubt that small businesses continue to have gripes about the government policy. However, the prime minister seems to have caught them in a buoyant mood. It’s possible that, by triggering Article 50, entrepreneurs at least feel some progress is being made.

“In addition, the high-profile climb-down on self-employed National Insurance Contributions (NICs) appears to be evidence of a government that is listening.

“Notwithstanding this, there has been a growing mistrust in the government due to a credibility gap between what the government is saying and what it is actually doing.

“Within the past few months they have delivered an industrial strategy green paper, a scale-up champion and a scale-up taskforce but this has yet to deliver meaningful change. However, at the same time, the government has slashed the tax-free dividend allowance by 60%, causing problems for many.”

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